The S&P/ASX 200 Index (ASX: XJO) is having a very disappointing start to the month. In afternoon trade the benchmark index crashed as much as 4.1% lower, with all sectors and industries in the red.
While this is disappointing, I think this selling is a buying opportunity for investors. Especially those that are willing to make patient long term investments.
Three top ASX 200 shares that I would buy after today's selloff are listed below:
Afterpay Ltd (ASX: APT)
The Afterpay share price has come under pressure on Friday and is down 7% at the time of writing. While it certainly is a high risk option due to the amount of future growth that has been built into share price, I remain confident that it will deliver on this over the coming years. Especially given the increasing popularity of its buy now pay later platform with consumers and retailers. Combined with further geographic expansion, I believe Afterpay is capable of delivering strong sales growth over the next decade.
Aristocrat Leisure Limited (ASX: ALL)
This gaming technology company's shares are down 5% this afternoon. This means they are now trading 37% lower than their 52-week high. Although the company is being negatively impacted by the closure of casinos, its lucrative Digital business is cushioning the blow. This business generates significant revenues through its portfolio of mobile apps. Unsurprisingly, with casinos closed and people stuck at home, the company has seen increasing usage of its apps. In light of this and on the assumption that trading conditions return to normal in FY 2021, I think its shares are attractively priced for a patient investors.
Bravura Solutions Ltd (ASX: BVS)
Today's indiscriminate selling has also dragged the shares of Bravura Solutions down by around 6%. This means its shares are now trading 27% lower than their 52-week high. I think this is a buying opportunity for investors and believe the future is bright for the leading provider of software products and services to the wealth management and funds administration industries. This is largely down to the Sonata wealth management platform which allows users to connect and engage with their clients anytime, anywhere, through computers, tablets or smartphones. Combined with the recent acquisitions of Midwinter and FinoComp, which open the company up to new markets, I believe Bravura is well-positioned for long-term growth.
